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Nov 30, 2012
11/12
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hey, romney, what's up, man? hey, isn't it funny? you almost lived here. this was almost your place. just 3 million votes, you know what i mean? oh, you worked so hard for seven years and you were just about to go in and then you said sorry [ bleep ]. >> joining us now from boston, the moderator of "meet the press," david gregory. as we take a live look at the white house. >> did you see this? >> oh. >> david gregory, the guy that found you out in the streets in l.a. playing stickball and took you in and said kid, you can be a star one day, jeff zucker, right here. hired at cnn. that's exciting for jeff, isn't it? >> it is. it's cool. >> absolutely. absolutely. he'll do good things. >> that's all he has to say. that's all he's got to say. >> i think we're all thrilled for jeff. >> okay. that's all he's got to say. >> wow! >> he's a company man. he's a company man. >> all right. >> no, you know, he doesn't want to upset phil. you know, buddy, you can't talk about, you can't say. >> phil gets upset. >> he gets upset. >> he gets really hurt. he gets emotional
hey, romney, what's up, man? hey, isn't it funny? you almost lived here. this was almost your place. just 3 million votes, you know what i mean? oh, you worked so hard for seven years and you were just about to go in and then you said sorry [ bleep ]. >> joining us now from boston, the moderator of "meet the press," david gregory. as we take a live look at the white house. >> did you see this? >> oh. >> david gregory, the guy that found you out in the streets...
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Nov 29, 2012
11/12
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at the white house today, president obama will host mitt romney for a private lunch. it's their first meeting since the election. and this his victory speech, obama promised to engage with romney and consider his ideas. >> a lot of people didn't think the lunch would ever happen. >> interesting if he's going to be talking about ideas, mitt romney's idea had been to reach some sort of a cap on it 00 mem deductions. >> he would have just extended the bush tax cuts and then the other stuff would have been -- but if romney had been elected, whether bad long term to extend them, that's one thing, but he would have extended -- this is a weird argument to be having to have everything hinging on on the 2% that are -- suddenly as i've said before, suddenly everybody loves the bush tax cuts. so weird. >> flips the tables on who likes what. >> it all goes back to the line in the band. obama first time around caved and his base never for gave him for extending the bush tax cuts when he said he wouldn't. >> maybe the republicans should be reconsidering the tough line that they dre
at the white house today, president obama will host mitt romney for a private lunch. it's their first meeting since the election. and this his victory speech, obama promised to engage with romney and consider his ideas. >> a lot of people didn't think the lunch would ever happen. >> interesting if he's going to be talking about ideas, mitt romney's idea had been to reach some sort of a cap on it 00 mem deductions. >> he would have just extended the bush tax cuts and then the...
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Dec 6, 2012
12/12
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. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? jennifer >>>> i want the people who watch our show to be able to come away armed with facts and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. you see grandma lives waaaay down here and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. sa
. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? jennifer >>>> i want the people who watch our show to be able to come away armed with facts and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. you see grandma lives waaaay down here and you live way up here. brian, your cousin, he's a little bit older...
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Dec 5, 2012
12/12
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ryan praised romney and spoke out against divisive politics as some soft rind distancing himself from the 47% remark. paul ryan mentioned poverty 15 times and says that the gop has to stick to conservative principles and appeal to more voters. >> the election didn't go our way. the republican party can't make excuses. we can't spend the next four years on the sidelines. instead, we must find new ways to apply a timeless principles to the challenges of the day. >> marco rubio barely even mentioned the campaign and focus on conservative policy proposals. he says they will strengthen and expand the middle class. he says the middle class is struggling and it's harder for some people to reach out. >> there is a growing opportunity gap developing. millions of americans worry that they may never achieve middle-class prosperity and stability, and they worry that their children will be tracked as well. with the same life and problems. >> a rough count has it as many as 22 republicans actually talking about it. in a few cases, some people have already hired advisers who specializes in president
ryan praised romney and spoke out against divisive politics as some soft rind distancing himself from the 47% remark. paul ryan mentioned poverty 15 times and says that the gop has to stick to conservative principles and appeal to more voters. >> the election didn't go our way. the republican party can't make excuses. we can't spend the next four years on the sidelines. instead, we must find new ways to apply a timeless principles to the challenges of the day. >> marco rubio barely...
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Nov 30, 2012
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everybody has their chair except mitt romney. plus you have a forcing mechani mechanism, the fiscal cliff. congress needs forcing mechanisms to act. plus, both with the president and speaker they have a reason to reach ain't agreement. political reason. the speaker it is because he knows republicans will take the hit if we go over the cliff. that's the way it is. the president has the microphone. and the president -- cane believe he wants to start the presidency out with a recession. i mean, this -- next term. so there -- i think there is a genuine identity of interest. i think at some point, maybe -- hopefully sooner rather than later, that it is later. they go in a room and sit down and they work off their framework they had would years ago and -- they reach an agreement. >> you know -- i would like -- >> basically simpson-bowles, i hope. >> i would like to think that's what happens. but -- you see where some of the starting points are here. it doesn't seem like it is -- any way reaching towards that sort of agreement. especial
everybody has their chair except mitt romney. plus you have a forcing mechani mechanism, the fiscal cliff. congress needs forcing mechanisms to act. plus, both with the president and speaker they have a reason to reach ain't agreement. political reason. the speaker it is because he knows republicans will take the hit if we go over the cliff. that's the way it is. the president has the microphone. and the president -- cane believe he wants to start the presidency out with a recession. i mean,...
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Nov 28, 2012
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some of them were prominent supporters of mitt romney. and then the president is going to try and sell his budget plan going to a toy factory. speaking of -- >> that's where i'd go. >> speaking of the budget, coming up, former treasurer secretary larry summers joins us on set and ray liotta and mark mckinnon and in a few minutes harold ford jr. up next the top stories in the political playbook with mike allen but first bill karins with a check on the forecast. bill. >> good morning, mika and everyone out here live rockefeller plaza. the world's failous rockefeller center christmas tree will be lit 8:00 nbc, 7:00 central. this tree has a little bit of history, not your typical tree. this tree had to survive hurricane sandy and was picked out in new jersey and had to tie it up quickly right before the storm hit to protect it from the storm because they didn't want to have to pick out a new tree. it survived, of course, sitting here and it'll be later on this evening. we had a messy day yesterday. wasn't pretty, the airports had problems too
some of them were prominent supporters of mitt romney. and then the president is going to try and sell his budget plan going to a toy factory. speaking of -- >> that's where i'd go. >> speaking of the budget, coming up, former treasurer secretary larry summers joins us on set and ray liotta and mark mckinnon and in a few minutes harold ford jr. up next the top stories in the political playbook with mike allen but first bill karins with a check on the forecast. bill. >> good...
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Nov 28, 2012
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he ran a romney is a bad person campaign not look at how wonderful i have gotten the american economy. >> if it is on c-span -- >> you say here's what we want to do. we just elected a house which ran on the ryan plan. >> you are saying these are the reforms that we want. >> the president sits there and says what, because he hasn't put anything on the table that passes the lap test, hasn't put spending restraint. crazy democratic leadership, which for two years kept all the democratic senators from voting on anything. i want them to vote on something between now and 2014 because then they aren't coming back. >> if you are john boehner, speaker boehner, your proposal is -- your bright line is what? >> first of all, you want to have this conversation in public and whatever happens, you want it online. that gives you the moral high ground and allows the american people to focus on this. >> wait, what you are saying right there is a path to a deal, you're not saying they should go over a political cliff. you're saying they should fight for the best deal they can get, but you're not advocat
he ran a romney is a bad person campaign not look at how wonderful i have gotten the american economy. >> if it is on c-span -- >> you say here's what we want to do. we just elected a house which ran on the ryan plan. >> you are saying these are the reforms that we want. >> the president sits there and says what, because he hasn't put anything on the table that passes the lap test, hasn't put spending restraint. crazy democratic leadership, which for two years kept all...
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>> first of all, if you remember well, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on medicare inside the aca. there were large structural reforms in the way healthcare was playing out. in fact, last year, we had a slower rate of growth and health care spending that we have had in quite a time. whether president has proposed is part of the current negotiations is another $300 billion cut in medicare. stuart: that is a cut. you do understand, that what we really -- >> stuart, that just is not true. we have not seen them play out. certainly, we will have to be coming back every year. usually, through a committee process where people vote at the end of the day. the republicans decided to take another cour
>> first of all, if you remember well, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on...
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Nov 28, 2012
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they're part of governor romney's 47%. they're the moochers. >> warren, if you -- i know you've said in the past that you agree with plans like simpson/bowles, you've gone along with those things. in those plans they take ordinary income and they tax capital gains and dividends at the same levels as ordinary income, they get rid of things like charitable deductions, you go along with all those parts of the plan? >> well, i go a long. i can go along with any number of plans that in general move up the revenue to 18.5% or so of gdp and move down expenses down to 21%. whether it's simpson/bowles, whether it's quick/kernan, you can come out -- >> you left out sorkin. >> well, i -- really, i -- there's all kinds of plans that generally make sense. and i think we'll come up with one. and one of the problems you have is i think you could have a majority of congress before a plan but the far left would not, you know, would have some bolts that didn't like it and the far right would have bolts that didn't like it. and if the leader
they're part of governor romney's 47%. they're the moochers. >> warren, if you -- i know you've said in the past that you agree with plans like simpson/bowles, you've gone along with those things. in those plans they take ordinary income and they tax capital gains and dividends at the same levels as ordinary income, they get rid of things like charitable deductions, you go along with all those parts of the plan? >> well, i go a long. i can go along with any number of plans that in...
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Dec 4, 2012
12/12
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but, this proposal, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of
but, this proposal, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point....
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romney and mr. ryan campaigned against the president on, paul ryan's budget included the same reductions and it's likely they will be in his budget that's coming forward. let's act on things that we agree. let's rebuild and renew america and find ways to save the money and puts on a path to fiscal responsibility that the american public needs and demands. the speaker pro tempore: the chair recognizes the gentleman from oklahoma, mr. lankford, for five minutes. mr. lankford: in a few days we're going to have to resolve the fiscal cliff. eye roncally enough, something the house of representatives passed last may. in april set out a tax plan. in may passed a sequestration plan, went to the senate and said we're going to see you in the lame duck time period. we're in the lame duck and this had has to be solved. we have to solve the problem. the first thing is to define what the problem even is. it seems one group is talking about the real problems, the fiscal cliff, and the other group is talking about
romney and mr. ryan campaigned against the president on, paul ryan's budget included the same reductions and it's likely they will be in his budget that's coming forward. let's act on things that we agree. let's rebuild and renew america and find ways to save the money and puts on a path to fiscal responsibility that the american public needs and demands. the speaker pro tempore: the chair recognizes the gentleman from oklahoma, mr. lankford, for five minutes. mr. lankford: in a few days we're...
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Nov 28, 2012
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as romney proved during the campaign, you can't do it just by doctoring up the tax code. that should be part of the deal. we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope our friends on the other side can kind of turn off the campaign and get into a cooperative mode here to reach a conclusi
as romney proved during the campaign, you can't do it just by doctoring up the tax code. that should be part of the deal. we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would...
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Nov 29, 2012
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the president meeting with mitt romney, although no press on that one. and we will also get some housing data coming up in about hal half an hour's time. the exchange is playing muse six in honor of this bank, which is being called america's most exciting bank. >> that's what they call themselves. and maybe that's why they have this music, because it's actually quite loud. >> let's see if they start dancing the executives. >> the race is on to see which bank is the most exciting in this country. >> a new trend here. >> in the meantime, here's the opening bell for a thursday morning. again brook shire -- nasdaq to the nyc and over at the daz damage, fran drescher, star of the sitcom, a great comedian. still responding to the news in the world of social media, whether it's living social and some reported layoffs or what andrew mason said about his tenure at groupon. >> to fire himself, he's not ready to fire himself. >> that was the first step i thought on the right path. i mean he just needs to go one step further, a la mark zuckerberg and go on a confere
the president meeting with mitt romney, although no press on that one. and we will also get some housing data coming up in about hal half an hour's time. the exchange is playing muse six in honor of this bank, which is being called america's most exciting bank. >> that's what they call themselves. and maybe that's why they have this music, because it's actually quite loud. >> let's see if they start dancing the executives. >> the race is on to see which bank is the most...
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. >> ed connor this year, worked with mitt romney, on with us, author of "unintended consequences," and you say if you're going to raise taxes, you have to get something back which is what? >> make any tax increase, rolling back bush tax cuts, for example, conditional upon reaching agreement that stop the debt growing as a percent of gdp. they can't reach the agreement by the end of the year so as a part of this, agree to retroactively roll back bush tax cuts if they reach agreements. >> the democrats thought they did enough deficit cutting. >> not even close. >> right. >> 0%, you need $900 billion of tax increases or spending cuts to stop debt growing as a percent of gdp. on the $900 billion you need, you need more than that. the president, who wants to support his spending, needs enormous tax increases, and public opinion says he can blame tax increases on republicans if he's over the cliff so his threat to go over the cliff, i think, is very credible, and i think the republicans are in a very procare yows negotiating position because if they are blamed for this, they'll loss the hous
. >> ed connor this year, worked with mitt romney, on with us, author of "unintended consequences," and you say if you're going to raise taxes, you have to get something back which is what? >> make any tax increase, rolling back bush tax cuts, for example, conditional upon reaching agreement that stop the debt growing as a percent of gdp. they can't reach the agreement by the end of the year so as a part of this, agree to retroactively roll back bush tax cuts if they reach...
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Dec 6, 2012
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but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess of this stuff. >> the government says that the -- 6.6% of current u.s. consumption. >> why would prices move that dramatically at all? wouldn't they just come down globally? >> the average, our $16 goes to $4. it costs $7 to get stuff from the united states. >> you should argue that they should go down because they went be the only one. dominion has brooif cove, that's the one that's most ready to go. the gorgon numbers, this is the gigantic l & e experts. it's not going to cost $60 billion. these plants cost a fortune, they put a lot of people to work. i think that this is the op
but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess...
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romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did that we made sure that none of the reductions would come at the expense of american seniors who were receiving medicare. and the reason you could do that because there's enough savings to be had. you could get rid of some of the medicare mills, the replication of services and you get a ton of savings. that's what we did. as mr. waleds said, in his district -- walz said, in his district we have a lot of things we can learn from. we're willing to discuss on how to reduce spending on medicare, medicaid and so forth. what we're not willing to discuss in the first instance how you pay for deficits that were caused by things other than these programs. we didn't pay for these two wars in iraq and afghanistan. we didn't pay for the bush tax cuts that went heavily towards the very wealthy. and so why all of a sudden seniors in america should take cuts to their services and benefits they paid for in america and social security so we can drawdown deficits and debt that was caused by
romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did that we made sure that none of the reductions would come at the expense of american seniors who were receiving medicare. and the reason you could do that because there's enough savings to be had. you could get rid of some of the medicare mills, the replication of services and you get a ton of savings. that's what we did. as mr. waleds said, in his district -- walz said, in his district we have a lot...
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mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these deductions? guest: they can be important. the goal is to not get rid of the budget deficit. lots of people do not want to get rid of the budget deficit. they want to get it down to a manageable level. opinions differ. you can make a big dent through closing or reducing the loopholes. host: do you expect them to play a role? could they end up on the chopping block? guest: republicans have put them on the table. i think you probably will see some of both. this is a process that will go on for the better part of the next year. during that process, you will s
mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these...
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Dec 3, 2012
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mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it has worked well. >> rates are so low. why doesn't everybody do that? >> works well. as a former fully owned by private equity they are more comfortable with leverage than others are. >> a level of comfort that i find to be -- they are insensitive to the economy and they're a winner in obama care. 2014 begins and i'm picking numbers up. hca. even with this leverage. raising numbers, hca, 2014. i'm doing that right now. cramer firm is taking up numbers. >> you did it in your head. >> i did. i'm going to ask the sales force to go out with it and i think he can get
mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it...
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if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. what they get should demand -- what they should demand is this, that the year 2013 will be spent putting together a pro-growth tax and entitlement reform package that will put this country on a sound financial footing through 2040. what's wrong with that? >> nothing's wrong with that. but can anybody do it? is the art of the deal dead in washington? that's the question. >> very good, mike barnicle. >> not to shock you, mika, i disagree. don't cave, compromise. and if not willing to compromise -- >> yes, that's the difference. >> if they're not willing to compromise, don't cave. >> republicans that won in their districts, landslides, they can stare down the president and just wait. don't wait, but do compromise. and there's no sense this president wants to compromise. and right now, there's no sense that republican leaders actually wan
if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. what they get should demand -- what they should demand is this, that the year 2013 will be spent putting together a pro-growth tax and entitlement reform package that will put this country on a sound financial footing through 2040. what's...
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he also served as economic adviser to former presidential candidate mitt romney. kevin, what's your feeling now? i saw one of my colleagues tweeted a -- i don't get the "washington post," but dana milbank said republicans are raising a white flag as big as a bed sheet. is that how you see it? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like the starting point. so basically the starting point for the republicans is what president obama probably would have viewed as a victory if they had the negotiation. >> yeah, he wanted another 400 supposed supposedly. how does simpson-bowles get to -- how does it raise revenue? what's the number that it r
he also served as economic adviser to former presidential candidate mitt romney. kevin, what's your feeling now? i saw one of my colleagues tweeted a -- i don't get the "washington post," but dana milbank said republicans are raising a white flag as big as a bed sheet. is that how you see it? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which...
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i thought it was really interesting there's a new beat to the country after the election defeat of romney the way in which the governors in las vegas who spoke about modernizing gop as you might do abroad. can they push the gop along to the extent that we get a deal sooner rather than later on this particular issue? >> reporter: in theory they could. in practice the national political dialogue and state level political dialogues move on separate tracks. the governors can lend their voices but they can't have a lot of influence. members of the house and senate who are elected in particular states, they are driven by their own electoral imperatives and political imperatives and the governors have influence but not all that much. the one thing that is true about the governors, simon, most states are strained financially. they need more money. the healthier the federal government is financially, the more aid they get in those states and the reverse is true as well. the worst the federal deficit, the more aids to states get cut. >> okay. john, thank you very much. the view there from washingto
i thought it was really interesting there's a new beat to the country after the election defeat of romney the way in which the governors in las vegas who spoke about modernizing gop as you might do abroad. can they push the gop along to the extent that we get a deal sooner rather than later on this particular issue? >> reporter: in theory they could. in practice the national political dialogue and state level political dialogues move on separate tracks. the governors can lend their voices...
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Dec 5, 2012
12/12
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CNBC
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which is a huge difference, one reason why people like me look at former presidential candidate mitt romney talk about npr or planned parenthood. the number one answer for balancing the budget is foreign aid. which if you really wanted to balance the budget and you don't always have to go to the department of justice or whatever it may be. but over the next ten years, 90% of federal outlays will be medicare, medicaid, social security, defense spending and interest on the debt. you can wipe everything else out and you'll basically -- >> it's like what you were talking about in the last hour, to rational exuberance. americans want it, want it now, and don't want to pay for it. there's a certain quality in american democracy that just allows us to be completely self-deluded. >> dan brought up an grinterestg point, the debt. which they're going to go up, at that point, you've got a serious problem on your hands. >> why wouldn't -- as a leader of the free world, why wouldn't you be saying i've got to get these entitlements under control? they're not even talking about it, not addressing it on th
which is a huge difference, one reason why people like me look at former presidential candidate mitt romney talk about npr or planned parenthood. the number one answer for balancing the budget is foreign aid. which if you really wanted to balance the budget and you don't always have to go to the department of justice or whatever it may be. but over the next ten years, 90% of federal outlays will be medicare, medicaid, social security, defense spending and interest on the debt. you can wipe...
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Dec 6, 2012
12/12
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CSPAN2
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that the republicans so loved during the bush years and what they wanted to create again with governor romney. so, mr. president, i'd be happy to take a look at the proposal that the president -- that my friend, the republican leader, has shown us. if we can come up with something like we did when they created this other furor by refusing to increase the debt where we had an ability to come here and have a couple of votes to determine if we were going to increase it, if that's what they want to do again, i'd be happy to seriously take a look at that and report to the white house and my caucus. but until then, i object. mr. mcconnell: mr. president? the presiding officer: objection having been heard. mr. mcconnell: mr. president? the presiding officer: the minority leader. mr. mcconnell: my friend the majority leader indicates there is some confusion about who is the quarterback on the republican side. that is of course quite common when you don't have the white house. but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the presid
that the republicans so loved during the bush years and what they wanted to create again with governor romney. so, mr. president, i'd be happy to take a look at the proposal that the president -- that my friend, the republican leader, has shown us. if we can come up with something like we did when they created this other furor by refusing to increase the debt where we had an ability to come here and have a couple of votes to determine if we were going to increase it, if that's what they want to...
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Dec 4, 2012
12/12
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CSPAN2
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has been was a china adviser to mitt romney. he now heads the university of chicago. but he basically wrote about the sort of two chinas or to the ages. he said there's sort of a doctor jekyll and mr. hide that's evolving to a doctor jekyll, which is the nicer of the two is the economic issue. the dr. height is the strategic asia, is the security agent. if you look at the economic asia there's heavy amounts of interdependence, everybody is investigating each other. $19 billion in regional trade which includes india. if you look at the security asia, national entity, orders dispute, historical grievances just are driving things apart and you're seeing real impact on these. in the has its own problems in the region across china region across china. region across chandigarh on the border dispute. if you look at this is something that you want to be deeply engaged in or do you look at this is basically something that you can ride along and freeload and let america and canada and japan handled? >> steve, your question -- >> i'm and freeload, by the way. >> that by the way
has been was a china adviser to mitt romney. he now heads the university of chicago. but he basically wrote about the sort of two chinas or to the ages. he said there's sort of a doctor jekyll and mr. hide that's evolving to a doctor jekyll, which is the nicer of the two is the economic issue. the dr. height is the strategic asia, is the security agent. if you look at the economic asia there's heavy amounts of interdependence, everybody is investigating each other. $19 billion in regional trade...
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Dec 1, 2012
12/12
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CSPAN
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this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you. i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children make up a lot of these credits. which of these are affected by the
this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you....
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Dec 5, 2012
12/12
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CSPAN2
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and just as an independent analyst confirmed about the ryan plan, and just like we saw in the romney plan, when you're talking about simply closing loopholes and ending deductions, either the math doesn't add up or the middle class ends up bearing the entire burden. republicans are tying themselves up in knots to avoid the obvious. easiest way to raise revenue from the wealthiest americans is simply to allow the bush tax cuts for the top 2% to expire as scheduled. that's what the democrats want. it's what the american people support. and it would move us a long way towards balanced and bipartisan dealing we're all working to get to. mr. president, my colleague in the house of representatives, minority leader pelosi, is circulating a discharge petition to bring the senate bill to the house floor. i strongly support this move and i urge house republicans to sign on and allow this legislation to come to the floor for a vote. mr. president, democrats have proven we are willing to make the tough compromises, that a balanced and bipartisan deal will require. and we've been very clear we wi
and just as an independent analyst confirmed about the ryan plan, and just like we saw in the romney plan, when you're talking about simply closing loopholes and ending deductions, either the math doesn't add up or the middle class ends up bearing the entire burden. republicans are tying themselves up in knots to avoid the obvious. easiest way to raise revenue from the wealthiest americans is simply to allow the bush tax cuts for the top 2% to expire as scheduled. that's what the democrats...
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Dec 6, 2012
12/12
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MSNBCW
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but when marco rubio was giving his speech, he didn't mention the word "romney" once, and there was a message in that. and that was that he's turning the page. and so that passage that you were just talking to is his idea that there's a new conservatism that can appeal to more people -- that more people in society, people in even, say, the 47%, can be convinced that conservatives can help them. >> all right. mike allen. >> harold, would you like to crinkle up some more papers? >> i apologize. i was getting excited with this paper. learning how to fold. >> he was teaching him how to do origami. i thought it wasn't the right time. >> paper airplanes. very impressed with what i saw of marco rubio yesterday and how he handled the science question. he was light afoot. i thought he handle it had very well. >> ran the gauntlet of the mike allen primary, which is a key part of anyone getting elected president. but i'll say, you talk to republicans about 16 -- and obviously people are already talking about it -- on the broadcast on "way too early," hillary clinton, what people are auditioning
but when marco rubio was giving his speech, he didn't mention the word "romney" once, and there was a message in that. and that was that he's turning the page. and so that passage that you were just talking to is his idea that there's a new conservatism that can appeal to more people -- that more people in society, people in even, say, the 47%, can be convinced that conservatives can help them. >> all right. mike allen. >> harold, would you like to crinkle up some more...
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Dec 6, 2012
12/12
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that came up with mitt romney. his effective tax rate was so low. he was paying the capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the ra
that came up with mitt romney. his effective tax rate was so low. he was paying the capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james....